Business
Contract Win
Contract Win.
About this update from Capital Limited
[{"type":"text","content":"\n \nRNS Number : 0085F Capital Drilling Limited 24 October 2018 \n\n\n\n\nFor Immediate Release \n\n\n24 October 2018\n\n\n\n \nCapital Drilling Limited\n(\"Capital Drilling\", the \"Group\" or the \"Company\")\n \nContract Win\nCapital Drilling Limited (CAPD:LN), a leading drilling solutions company focused on the African markets, is pleased to announce that it has been successfully awarded a delineation drilling contract with Canadian-based Sama Resources Inc. (\"Sama\") at its Yepleu property in Côte d'Ivoire. Drilling is anticipated to commence in November with the initial program being 6,000 metres of diamond core drilling, targeting semi-massive and massive polymetallic sulphide targets for Nickel-Copper-Cobalt-Palladium. \n \nThe contract is Capital Drilling's first in the country following its strategic expansion into West Africa where the Company now has 31 rigs, representing a third of its rig fleet. This contract will initially utilise two diamond drill rigs, sourced from the Group's base in Yamoussoukro, which was established in H1 2018 as part of the Group's strategic growth focus into the West African market.\n \nCommenting on the award of the Sama contract, Jamie Boyton, Executive Chairman, said:\n \n\"It is very pleasing to see our increased presence in the high-growth West African region continue to deliver results and we look forward to starting our first contract in Côte d'Ivoire. With the increased fleet and new infrastructure in place, we are well positioned to continue to secure additional work in the country in the future.\"\n \n \nFor further information, please visit Capital Drilling's website www.capdrill.com or contact:\n \nCapital Drilling Limited +230 464 3250\nJamie Boyton, Executive Chairman &nbs...